NOT LISTED FOR SALE

25 Palmetto Dr Lake Wales, FL 33855

0.5 Acre
-- Price per Acre
21,780 Sq Ft Lot

Last Sold April 11, 2023

Last sale price $59,000

318 Days on Market

Highlights

  • 145 Feet of Fresh Water Canal Waterfront
  • Community Boat Slip
  • Fishing Pier
  • Marina
  • Golf Course Community
  • Fitness Center

About This Lot

As of April 2023

THIS IS AN EXCELLENT, WATERFRONT ONE-HALF ACRE LOT IN A PERFECT LOCATION! This parcel is located a short distance from the fishing pier, marina and picnic pavilion, in the fishing and golfing community of Indian Lake Estates. This lot is ready for your custom waterfront home and private boathouse on a short canal leading to Lake Walk in Water. This gated community features many amenities including 18-hole golf course, tennis, pickle ball, fitness center, clubhouse, ballroom, post office, churches, boat slips, community boat ramp and is home to the largest freshwater pier in the state of Florida! Located on the shore of Walk in Water (Lake Weohyakapka) which is a 7,500+ acre lake, nationally known for its trophy bass fishing. Enjoy nature and watch the wildlife, such as eagles, ospreys, sand hill cranes, deer and more. In between Florida's east and west coasts and just off Hwy 60E, near the new RV Resort at Canopy Oaks and Westgate River Ranch Resort, close to the Florida Turnpike and I-95.

Last Agent to Sell the Property

Anne Lazzari

WESTLAKE REAL ESTATE CO., INC. License #3151488 Listed on: 04/11/2022

Last Buyer's Agent

Phan Okanishi

FLORIDA REALTY INVESTMENTS License #3230864

FLORIDA REALTY INVESTMENTS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $279

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 145x150
  • 145 Feet of Fresh Water Canal Waterfront
  • East Facing Home
  • Property is zoned PUD

HOA Fees

  • $28 Monthly HOA Fees

Property Views

  • Canal Views

Utilities

  • Well Required
  • Septic Needed

Listing and Financial Details

  • Legal Lot and Block 25 / 264
  • Assessor Parcel Number 29-31-01-994070-026425

Community Details

Overview

  • Association fees include ground maintenance, recreational facilities
  • Althea Association, Phone Number (863) 692-1433
  • Visit Association Website
  • Indian Lake Estates Subdivision
  • The community has rules related to allowable golf cart usage in the community

Recreation

  • Community Boat Slip
  • Marina
  • Golf Course Community
  • Tennis Courts
  • Community Basketball Court
  • Fitness Center
  • Fishing
  • Fishing Pier
  • Access to Freshwater Canal
  • First Come-First Served Dock

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$279

Lot Details

0

HOA Fees

$28 per month

Listing Details

  • HOA Fee Includes: Maintenance Grounds, Recreational Facilities
  • Property Type: Land
  • Lot Size Acres: 0.5
  • Lot Size Sq Ft: 21750
  • Directions to Property: Hwy. 60E to Indian Lake Estates entrance - turn right on Park Avenue - left on Palmetto Dr., lot is on the right with sign.
  • Status: Sold
  • Street Post Direction: S
  • Ownership: Fee Simple
  • Escrow City: Lake Wales
  • Escrow Postal Code: 33853
  • Escrow State: FL
  • Escrow Street Name: Stuart Avenue
  • Escrow Street Number: 120
  • List Office Head Office Key Nume: 1036819
  • RATIO Current Price By Calculate: 2.71
  • Total Acreage: 1/2 to less than 1
  • Water Access YN: 1
  • Tax Year: 2021
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 25

Exterior Features

  • Direction Faces: East
  • Water Body Name: CANAL LEADING TO WALK IN WATER
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Water Access: Canal - Freshwater
  • Water Extras: Dock - Slip 1st Come,Fishing Pier
  • Water Extras YN: 1
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 145
  • Price Per Acre: 118000
  • Water Frontage Feet Canal Fresh: 145

Utilities

  • Utilities: Electrical Nearby
  • Sewer: Septic Needed
  • Water Source: Well Required

Condo/Co-op/Association

  • Community Features: Fishing, Golf Carts OK, Golf, Waterfront
  • Association Amenities: Basketball Court, Boat Slip, Clubhouse, Fitness Center, Gated, Marina, Tennis Court(s)
  • Association Fee: 330
  • Association Fee Frequency: Annually
  • Association Name: Althea
  • Phone: 863-692-1433
  • Association: Yes
  • Association Fee Requirement: Required
  • Association URL: indianlakeestates.net

Fee Information

  • Total Annual Fees: 330.00
  • Total Monthly Fees: 27.50
  • Monthly HOA Amount: 27.50

Lot Info

  • Zoning: PUD
  • Parcel Number: 29-31-01-994070-026425
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Dimensions: 145x150
  • Flood Zone Code: X
  • Lot Size Square Meters: 2021

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 279.24
  • Tax Block: 264
  • Tax Book Number: 39-46
  • Tax Lot: 25

Multi Family

  • Waterfront Features: Canal - Freshwater

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2023 04/11/23 Sold $59,000 -4.8% --
02/24/2023 02/24/23 Pending -- -- --
09/02/2022 09/02/22 Price Changed $62,000 -4.6% --
04/11/2022 04/11/22 For Sale $65,000 -- --
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: K4901721

Stellar MLS